Will Everest Group (EG) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Everest Group has demonstrated a strong track record of beating earnings estimates, with a notable surprise in the most recent quarter and a significant average surprise over the last two quarters [1][4]. Earnings Performance - For the latest quarter, Everest Group reported earnings of $16.32 per share, exceeding the expected $15.98 per share by 2.13% [1]. - In the previous quarter, the company reported earnings of $25.18 per share against an expectation of $14.63 per share, resulting in a surprise of 72.11% [1]. - The average surprise for the last two quarters was 37.12% [4]. Earnings ESP and Analyst Sentiment - Everest Group currently has an Earnings ESP of +0.58%, indicating a positive outlook from analysts regarding its near-term earnings potential [6]. - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [5][6]. Future Outlook - The next earnings report for Everest Group is anticipated to be released on July 31, 2024 [6]. - The company's history of earnings surprises has led to an upward trend in estimates, reflecting growing analyst confidence [5]. Industry Context - Everest Group operates within the Zacks Insurance - Multi line industry, which may provide a favorable environment for maintaining its earnings-beat streak [8].